{"id":562931,"date":"2024-08-09T12:48:10","date_gmt":"2024-08-09T12:48:10","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=562931"},"modified":"2024-08-09T12:48:10","modified_gmt":"2024-08-09T12:48:10","slug":"notcoin-price-prediction-not-plunges-24-in-a-month-as-investors-pivot-to-this-p2e-dogecoin-derivative-for-100x-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/notcoin-price-prediction-not-plunges-24-in-a-month-as-investors-pivot-to-this-p2e-dogecoin-derivative-for-100x-gains","title":{"rendered":"Notcoin Price Prediction: NOT Plunges 24% In A Month As Investors Pivot To This P2E Dogecoin Derivative For 100X Gains"},"content":{"rendered":"

The Notcoin price has slumped 24% in the past month and  5% in the last 24 hours <\/span>to trade at $0.01181<\/span><\/a> as of 7:30 a.m. EST on a 25% drop in trading volume to $313 million.<\/span><\/p>\n

Notcoin Price Analysis: Can The Bulls Regain Momentum <\/span><\/h2>\n

Notcoin (NOT) has been experiencing a downturn as bears capitalize on resistance at $0.02294, driving the price down in a corrective phase.<\/span><\/p>\n

The battle between buyers and sellers has also led to the formation of the bullish pennant pattern, which indicates a shift to the bullish trend reversal and potential rally ahead.<\/span><\/p>\n

Despite the downturn, the bulls are showing resilience by preventing further gains for the bears, establishing a solid support level along the lower trendline of the pennant. If the bulls maintain this upward momentum from the support zone, they could push the price to reclaim the previous high of $0.02164.<\/span><\/p>\n

\"Notcoin<\/p>\n

NOTUSDT Chart By Tradingview.com<\/span><\/p>\n

The current price trades below the 50-day simple moving average (SMA). If the price continues the uptrend  from the pennant lower trendline, it can climb above the 50 day SMA. and 200 day SMA. This would strengthen bullish momentum above the pennant confirming a rally in favour of the bulls.<\/span><\/p>\n

The relative strength index (RSI) has rebounded from the oversold level of 30 and is now hovering around the 50 midline, currently at 45. If buying pressure continues to build, it could push the price into the 70 overbought zone.<\/span><\/p>\n

Moreover, the MACD indicator shows promising signs of a bullish turnaround just below the neutral level. The blue average line has crossed above the orange signal line, and the histogram has turned green slightly above the neutral line. These factors indicate support for a forthcoming bullish rally.<\/span><\/p>\n

Notcoin Price Prediction: Is A Bullish Rally Imminent?<\/span><\/h2>\n

The bulls are poised to recover losses on the NOT price from the lower trendline of the wedge. If the price exceeds the 50-day and 200-day SMAs, it could enable the bulls to push it up to $0.02836, an all-time high.<\/p>\n

However, if the bulls fail to break through the 200-day SMA, which aligns with the upper boundary of the wedge, the bears might take over and drive the price below the current support level. In that case, the next support zone to monitor is $0.008649.<\/p>\n

This New P2E Meme Coin Presale Zooms Past $6 Million<\/b><\/h2>\n

As traders rush to buy Notcoin, there’s also a surge in interest in the PlayDoge (PLAY)<\/a> presale, which has seen an explosive increase with over $6 million in funds raised.<\/p>\n

As a Dogecoin derivative, $PLAY is a meme coin centered on the Shiba Inu dog breed. But the similarities end there.<\/p>\n

PlayDoge is a mobile play-to-earn (P2E) game that turns the DOGE meme into a Tamagotchi-style virtual pet, allowing players to earn $PLAY tokens.<\/p>\n

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POV: You the week after #Presale<\/a> ends 🍝 🌅 pic.twitter.com\/alc8nfsfMl<\/a><\/p>\n

— PlayDoge (@PlayDogeGame) July 25, 2024<\/a><\/p><\/blockquote>\n